The future, post-Covid and all the economic and social change that lies ahead, will need to bring with it a commitment to both training and re-skill for many, but also a distinct, hardy and tenacious set of practical and soft skills for the enduring entrepreneur.
This is the message contained in a useful and perceptive series of articles to come from Pioneers Post. It is a landscape of compassion, certainly, given the context of the work, but also a landscape of uncertainty that will be managed through endurance, creativity and a survival ethos.
List of skills updated: 6th June 2021 – see below…
A heady cocktail of needs for the social entrepreneur looking to the future.
‘Experts have warned that half the world’s employees will need to be reskilled by 2025. But with which skills? In our new series, Emerald Works’ Kevin Dunne and Social Enterprise Academy’s Claire Wilson set out seven critical, “no regrets” skills that social enterprise leaders will need to flourish in the post-Covid-19 landscape.’
The seven key skills, promoted by the authors of this thinking are sound and relevant – especially if you are on the brink of leading your new SocEnt project up the enterprise foothills to sustainability.
We were worried, diving into the article, that this was a promotional pivot for a hardened, corporatist lean-into enterprise for good. We should not have worried. Vigorous commitment to the seven principles espoused can, we see, develop individuals with strong technical skills.
Skills that allied with the compassion that got them into the sector in the first place, may well be the key to all our survival.
This brief article provides information about a University of Derby free event for Social Enterprise organisations, which provides a detailed and reflective focus on the United Nations Sustainable Development Goals 2030.
SocEntEastMids is a proud supporter of the event, and we are completely aligned with the aims of the day – and in supporting participants and partners beyond the confines of this single event too.
Creating a more sustainable, compassionate world.
Date and time
Thursday, 17 June 2021
10.00 – 13.00
‘This free event is aimed at social enterprises, to engage them with the sustainable development goals (SDGs), the targets identified by the United Nations to achieve global peace and prosperity.
The event includes a series of talks from academics, policy experts and social enterprises in the field. It will also feature a learning activity, where social enterprises can learn about mapping their social impact and identifying untapped future potential using the SDGs, by reflecting on how these link to forms of wealth that a social enterprise can generate.’
Source: University of Derby
Some key web links to inform your decision to attend:
By far the most numerous query we get, both for sources of information, or for direct advice and guidance, is around the governance, formation and change relating to Community Interest Companies.
Below are links to the latest forms, examples and formal guidance notes on Gov.uk – if we can help with your changes, formally or informally, do just ask – our services are free. (Sourced: August 2020)
Formal Note‘When applying to form a community interest company (CIC), this form should be submitted to the CIC Regulator alongside the appropriate Companies House forms, memorandum of association, articles of association and payment’.
Formal Note ‘When applying to transfer assets of a community interest company (CIC), consent should be submitted to the CIC Regulator signed by a director of the company, detailing assets, value and actual consideration received’.
Formal Note ‘There are 2 types of community interest company (CIC) report: detailed and simplified. The majority of CICs complete the simplified report.
The detailed report is reserved for CICs that have more complex financial arrangements. If you complete this type of report, you might need to get professional advice in relation to the financial information sections.
CIC reports are placed on the public register and made available for the public, which provides an opportunity to showcase your CIC’s activities and the benefits provided for the community over the last year. Your report does not have to be especially detailed, but you should identify highlights’.
Formal Note ‘When applying to convert a company to a community interest company (CIC), this form should be submitted to the CIC Regulator alongside the appropriate Companies House forms, memorandum of association, articles of association and payment’.
Formal Note – The community interest statement
‘…a statement of the steps that have been taken to bring the proposed alteration to the notice of people affected by the company’s activities (signed by each of the company’s directors).
When applying to alter the objects of a community interest company (CIC), this form should be submitted to the CIC Regulator alongside:
Companies House form CC04 – to notify the change of the company’s objects a signed copy of the special resolution to alter the objects of the company a copy of the articles of association, as altered’.
A new edition of Social Enterprises and their Eco-systems in Europe is now available on the Europa web pages.
This cross-national look at social enterprise is a profoundly useful narrative for individuals, or community actors, who are interested in exploring, not only the deployment of governance forms, but also to understand the philosophical approach to social enterprise development, across time and geography.
You can download the UK analysis here. It provides the diligent reader with definitions of a SocEnt, and the governance forms currently used by UK enterprises with a social mission.
The work is strong on the historical context of SocEnt development in the UK, as well as offering a critique of the fiscal, governance and research frameworks that do, and will, affect the development of community focused enterprise in the future.
The document also contains a useful set of appendices, that offer insights into stakeholders at national level, a governance form comparison and quick reference guide, as well as a set of references for the text that are an ideal for ‘more reading’.
This ‘Country Document’ from Europa.eu is written by Fergus Lyon, Bianca Stumbitz and Ian Vickers. It deserves to be in your SocEnt development tool kit, we think.
MRA Associates, in their freely available knowledge base, have an interesting and informing article about registered societies, which those exploring new governance forms for social business may find useful.
In our last post we reflected on time passed and have turned our attention to the future, thinking about organisational development in our social business for 2020.
We read a post on Medium recently, from an executive guru which decried, as a management technique, the announcing of your plans…lest you stumble and they all come to nought. (All business is risk, even a ‘social’ one!…Ed)
We have thought about this too, and have come to the decision, given the ubiquity of the internet and new media, that laying out plans, even those not fully ready for complex delivery yet, is a sound way to make contact with like-minded community actors and organisations. Our own motives and action plan are below…
We have attended this year ((2019) a number of events organised by the Centre for Local Economic Strategies (CLES), in both Liverpool and London. Designed to create awareness of, and engagement with, the Community Wealth Building (CWB) agenda. In this aim Neil McInroy and his highly skilled team, have been highly effective.
This engagement has started us thinking about how CWB can be energised to reach the micro and small community facing social businesses or organisations across our region.
It is clear from the recently published documents below, that this community mercantile sector is clearly woven into the multivariate practice, target segments and policy focus of the CWB change matrix.
Key Documents for Strategic Development
CLES have recently published both Community Wealth Building 2019 – theory practice and next steps, as well as a Manifesto for Local Economies. you can view, print or download both these key documents below…
Community Wealth Building 2019is a profoundly important document in contextualising local action, policy change and in illuminating the tried and tested, as well as emerging methodologies of change in CWB practice.
Whilst recognising that the new (CLES) Centre for Excellence, funded by the Barrow Cadbury Trust, has a primary focus on Local Authority/governmental policy issues for securing the largest change and development ‘hit’ possible, we think that the same concepts of CWB and the intellectual change mechanisms involved can equally be applied to the small marginalised communities and, importantly, rural England.
The Manifesto for Local Economies contains the building blocks of an exciting new CWB landscape. We do not see any of its elements as revolutionary, but rather see the policy and delivery skein exposed in the document as a progressive, moral and inclusive agenda for the individual, the company/charity, the region and government to embrace.
What The Manifesto calls for is an inclusive, fair and ownership diverting programme of change. It does not decry or deny capital, the market or the organisation – it refocuses them to broad community benefit.
We subscribe to the vision.
The action plan – the micro-contribution
To maintain and continue to consolidate activity with our clients for SocEntEastMids in the six counties region of its published focus – free delivery of support, advice and resources for the creation of socially useful enterprise.
A new brand and energy for change
To create a new brand/web site of focus and delivery mechanism, based in Cambridge UK, to engage with rural communities in England around some key elements of the CWB agenda.
To scope and deliver this rural enterprise support across The Midlands, East Anglia, Lincolnshire etc., where rural enterprise is, arguably, remote from the national policy debate and one to one encouragement is thinly spread.
To develop a programme of work, addressing community facing organisations – developing focused CWB agenda items to the unique, particular and social landscapes of our chosen geography.
To develop a cost recovery mechanism for external speakers and critical advice, event attendance etc., whilst still delivering our core elements of free advice, web and communication services – with any surplus created directed to support our sister delivery at SocEntEastMids, as is normal for our Partnership. To help maintain the sustainability of the programme.
To focus our Muntjac energy initially on a Enterprise Change Hub, development of Community Banking networks, and Employee Ownership advice and change support. This latter may well spill over into help in creating partnerships, employee owned businesses, co-operatives, measuring impacts for baseline and business plans etc.
To make Cambridge a ‘go to’ place for CWB in the rural environment. (We have large car parks…Ed).
The Muntjac is a persistent, pervasive and spiky creature in the rural environment. We like them.
Our strategy and delivery for the CWB programme, although modest, will hopefully develop the same profile.
If you would like to be part of a new CWB initiative in the rural East, do use our site contact facilities and have an opening conversation with Tim.
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We are delighted to be supporting the launch of a new community web design, hosting and update service – blueQuarter.co – part of Broadway SocEnt in Burton on Trent.
Our Partnership support packages for SocEnt include free web provision, of course, and we are pleased to be developing in-house training and technical expertise for Broadway, as well as donating the core infrastructure to make this sustainability step a success for them.
As part of Broadway Social Enterprise, this new, fully managed service, is designed to respond to the needs of community groups, social enterprise, charity and education needs.
All the money spent by their clients, on blueQuarter web services, goes directly to support their community projects at Broadway SocEnt and Muddy Boots in particular.
If you would like a Social Enterprise, with a local community at its heart, to help you deliver your next set of web pages, or to revise or modernise something you already have, then blueQuarter would be happy to help.
For an informal discussion to explore your next managed web presence, or just to find out more – contact tim (at) bluequarter.co
Always happy to help.
‘We build in WordPress, but are not anchored by geography for this service, only in our commitment to effect change where we live. Contact us from anywhere!’
blueQuarter.co is the managed web service of Broadway Social Enterprise Limited, a community enterprise based in Burton on Trent, Staffordshire, UK.
The technical resources for our service have been donated and developed in partnership with Social Enterprise East Midlands and the SmithMartin Partnership in Cambridge UK.
A long time web and communications supplier, our team are developing their in-house expertise and providing their technical infrastructure.
John Birkett, Chair of Broadway SocEnt has said ‘…we are delighted with this new development for our SocEnt. Not only will we be able to sustainably provide professional and technical support to others in our sector, but will be able to transform the training and knowledge uplift of our existing, and new, SocEnt volunteers…’.
Other web-tech works in progress Broadway have to be completed:
In the Autumn Broadway hope to launch The Book Bobbler, our new resource for children’s books and arts activity. See http://www.bookbobbler.uk/
Finally to complete their SocEnt sustainability plan, they will be completing and launching the Broadway Broccoli service – an organic veg box service – working to deliver healthier diets and good food in their geographical area of distribution. See http://www.broadwaybroccoli.co/
SocEntEast Mids is a proud sponsor the work of Broadway SocEnt…
The SocEntEast Mid Team
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Anna Birley and The Co-operative Party have produced a really useful guide to what Community Wealth Building is, in terms of definition, ideas for local action and how to campaign for effective local policy change.
‘The Summit is for anyone who wants to build an economy that works for all. Over the last ten years, Community Wealth Building ideas have been taken up and applied by an ever-growing number of socially minded businesses and social and public sector organisations across the regions and countries of the UK.
This event will bring together people from across these sectors and places, from local authorities and credit unions to community owned football clubs and hospitals’.
We will be there? Will you? Make a long weekend of it and support the local economy in the North West too!
The SocEntEastMids team:
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Taking place on May 21st, 2019 at Mary Ward House in London, the organisers aim to delve ‘…into different practical support that can allow all organisations to progress towards a healthy and sustainable future, while also making sure that we don’t forget about our own well-being and the human behind the social entrepreneur‘.
Early bird tickets are just now available and you can see the range of ticket types available for this significant SocEnt event here.
You can see the key themes of this year’s conference, and review the speakers of note from last year’s event on the BGB web pages. See more: https://beyondgoodbusiness.co.uk/
Perhaps we’ll see you there?
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The Office for National Statistics has just released updated estimates of the value of human capital. For ONS ‘… the stock of human capital accounts for what skills people have and how much they earn and what qualifications they have, as well as estimating how much longer they will continue to work’.
As such, ONS argues, the value of human capital is often higher in younger workers, which have more years in the labour market ahead of them.
We can look to the historical writings of Adam Smith for the source of the concept for Human Capital, but we owe the the modern Chicago School of economists for this contemporary application of the theory, we would argue.
This modern theory was popularized by Gary Becker, an economist and Nobel Laureate from the University of Chicago, Jacob Mincer, and Theodore Schultz. However, more recently the new concept of task-specific human capital was coined in 2004 by Robert Gibbon, an economist at MIT, and Michael Waldman, an economist at Cornell. The concept emphasises that in many cases, human capital is accumulated specific to the nature of the task (or, skills required for the task), and the human capital accumulated for the task are valuable to many firms requiring the transferable skills.
The new ONS report delineates the following key estimates…
In cash terms the stock of human capital in the UK grew 1.8%. However, once the effects of inflation were removed human capital actually fell by 0.8%. This was the first fall in human capital stocks since 2012, reflecting slower growth in earnings relative to inflation.
In 2017, the UK’s ‘real’ full human capital stock was £20.4 trillion, more than 10 times the size of UK GDP.
The estimates highlight that in 2004 the pay premium for obtaining a degree was 41% but by 2017 this had fallen to 24%.
The ONS analysis also shows that between 2011 to 2017 the average stock of individuals over 35 grew by 7.0%, while the stock of those between 16 and 35 only grew by 3.6%.
We recently published The Size of the UK Social Enterprise in 2018 – if we believe, as we do, that the social economy is now a significant influencer of UK trade and business development – then it is pertinent to note that the value of ‘real’ gross human capital is ten times more than GDP.
The social economy must, therefore be a contributor to this value.
Also of note, is the fact that in terms of human capital, according to ONS, … the average stock of individuals over 35 grew by 7.0%, while the stock of those between 16 and 35 only grew by 3.6% over the focus period.